Dipan Mehta, Member, BSE and NSE.In an Exclusive interview with CNBC TV 18, He said,
The current rally has still some steam left. "We could go about testing 12,000 on the Sensex and maybe 3,700-3,800 on the Nifty
Elections will not make much difference on the earnings of companies, but feels price-to-earnings will certainly get impacted.
“A fractured verdict would mean more uncertainty, which means that investors would then pay a lower P/E multiple. At the same time, if there is a strong government at the Centre, then there would be more certainty and investor would be prepared to pay a higher P/E multiple.”
The current rally has still some steam left. "We could go about testing 12,000 on the Sensex and maybe 3,700-3,800 on the Nifty
Elections will not make much difference on the earnings of companies, but feels price-to-earnings will certainly get impacted.
“A fractured verdict would mean more uncertainty, which means that investors would then pay a lower P/E multiple. At the same time, if there is a strong government at the Centre, then there would be more certainty and investor would be prepared to pay a higher P/E multiple.”
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